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Title: Occupational Differences in the Determination of U.S. Workers' Earnings: Both the Human Capital and the Structured Labor Market Hypotheses Are Useful in Analysis
Resulting in 1 citation.
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Maxwell, Nan L. |
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Occupational Differences in the Determination of U.S. Workers' Earnings: Both the Human Capital and the Structured Labor Market Hypotheses Are Useful in Analysis American Journal of Economics and Sociology 46,4 (October 1987): 431-443. Also: http://onlinelibrary.wiley.com/doi/10.1111/j.1536-7150.1987.tb01990.x/abstract Cohort(s): Older Men Publisher: American Journal of Economics and Sociology, Inc. Keyword(s): Dual Economic Theory; Earnings; Human Capital; Labor Market, Secondary; Occupations A fundamental ongoing debate has centered on whether there exists a single competitive labor market or whether structural impediments create mobility barriers and establish multiple self-contained labor markets. Using data from the older men's panel of the National Longitudinal Survey of Work Experience (NLS), path analysis, and occupationally stratified samples, an empirical study tested the interaction of human capital and segmented labor market theories. Results showed that the dominant forces in earnings determination within labor markets differ. Within the primary segment, characterized by desirable jobs with high wages, job security, and mobility on promotional ladders, workers are rewarded for human capital accumulation and individual productivity matters. In the secondary segment, covering jobs with low wages, high turnover, and poor working conditions, human capital accumulation is not rewarded heavily and structural influences dominate the earnings determination process. (ABI/Inform) |
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Bibliography Citation
Maxwell, Nan L. "Occupational Differences in the Determination of U.S. Workers' Earnings: Both the Human Capital and the Structured Labor Market Hypotheses Are Useful in Analysis." American Journal of Economics and Sociology 46,4 (October 1987): 431-443.
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